Issue 300:
– 529 News & Research
– ABLE Act Column
– 529 Conference 2022

529 Dash, Required Reading for Your 529 Education: 
The goal of the 529 Dash is to help institutions and financial professionals who help families and employers in the education financial planning process by creating and sharing industry relevant news, product training, and best practices, while also building awareness and understanding of the importance of 529 plans and ABLE accounts.

Please Read, Engage and Share.

Paul Curley, CFA
Associate Director
529 & ABLE Solutions, ISS Market Intelligence
paul.curley@issmarketintelligence.com
Twitter: @PaulCurleyBC

Here is what you need to know from stories, research, and data released this week:

• 529 Insiders, “List of 529 Savings Plans by State.” Editor’s Take: ISS Market Intelligence has updated the 529 Insiders status board to reflect the product update effective August 29, 2022, that Oklahoma 529 College Savings Plan has been relabeled to Oklahoma 529 with new rebranding and a new website. The relabeling aligns with the broadening of the qualified higher education expenses from college to student loans, apprenticeships, and K-12 tuition as reported in the 529 Insiders status board here. Checkout the new Oklahoma 529 website and rebranding here.
• Ohio Tuition Trust Authority, “College Savings Webinar.” Editor’s Take: On September 8, 2022, Ohio’s 529 Plan and Fifth Third Bank will provide a webinar on saving for school with 529s. Looking forward to this educational session, and click the link to register.
• YouTube by Wise Money Show, “Indiana 529 tax credit increase 50% in 2023.” Editor’s Take: Mike Bernard, CFP®, Financial Planner, KFG Wealth Management, provides an overview and introduction to 529s, and an overview of the expanded tax credit for Indiana residents. What the video to learn more.

ABLE accounts are tax-advantaged savings accounts for certain individuals with disabilities and their families. 
News, Research, Data & Resources:

• Hillsboro Free Press, “New Federal Regulation for ABLE Plans Take Effect in Kansas on July 1.” Editor’s Take: Kansas state legislation HB 2490 went into effect on July 1 and will expand who may open an ABLE account for residents of Kansas, thereby expanding usage of ABLE accounts within Kansas. ABLE continues to grow in terms of number of accounts and families, and the ABLE industry continues to reduce or remove hurdles to their growth. Read more about this example in the article or plan disclosure here on page 1.
• 529 Insiders, “2Q 2022 ABLE Market Sizing Highlights.” Editor’s Take: As of June 2022, there were a total of 126,192 ABLE accounts investing $1.108 billion in assets. Read the article to learn more, and thank you for the support and encouragement to cover ABLE.
• ABLE Age Adjustment Act Status Board: The bill would increase the age of onset for eligibility to open an ABLE account from 26 years old to 46 years old. As of September 2, 2022, the bill sponsorship was as follows:
  • Senate (S331): 1 sponsor and 21 cosponsors
  • Congress Sponsorship (HR1219): 1 sponsor and 95 cosponsors

ABLE Afternoon Summit: Will be held on October 19th of the 529 Conference 2022 at The Ritz-Carlton Orlando, Grande Lakes, Florida, USA

• Registration is now available
• JJ Hanley, Director, IL ABLE, Office of the Illinois State Treasurer, has been confirmed as a speaker on the “ABLE Implementation: Product, Marketing & Distribution Perspective” ABLE Summit panel.
• Rob Percival, SVP, Strategic Relationships, Orion, has been confirmed as a speaker on the “ABLE Implementation: Product, Marketing & Distribution Perspective” ABLE Summit panel.

529 Conference 2022 will be held from October 17-19, 2022, at The Ritz-Carlton Orlando, Grande Lakes, Florida, USA. 

Updates: 

• Registration now available
• Hotel Room Block now available
• Agenda now available
• Speakers now available

Agenda Updates: 

• Chris McGee, General Counsel, Virginia529 | ABLEnow, Vice Chair, College Savings Foundation, has been confirmed as a speaker on the “Outlook for 529s in 2023 & Beyond” 529 Conference panel.
• Abha Mohla, Associate Director, Market Regulation, Municipal Securities Rulemaking Board, has been confirmed as a speaker on the “MSRB Overview” 529 Essentials session and “Legislative & Regulatory Developments” 529 Conference panel.

• Based on a proprietary survey of parents fielded in April 2022 by ISS Market Intelligence, the 529 Industry Analysis 2022 report provides subscribers with actionable guidance on how 529 product providers and distributors can enhance their legislative, product, marketing and distribution strategies based on the market demand, demographic shifts and sentiment of parents and their families. The report also provides an overview of the education financial planning landscape, 529 landscape, demographics, product developments, marketing, and distribution. Learn more here.

702 King Farm Boulevard, Suite 400, Rockville, MD 20850  |  +1 212-217-6884  |  issgovernance.com